Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h +0.132%

Price spread now: Kraken Futures against BloFin−0.199%57s7-day average +0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1061.055% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.199%, 7d avg +0.086%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.285% cheaper against BloFin than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.086%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin EIGEN-USDT	0.2384	0.0131	pay 0.0065% / 4h	1h 45m	$350K	$114K	75x
Short	Kraken Futures PF_EIGENUSD	0.2379	−0.0027	pay 0.0003% / 1h	45m 33s	$160K	$113K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee Kraken FuturesbpOrdersPrice spread, now −0.199%Rate

Funding earned: −$33.03
Price spread: −0.199% → +0.086%: −$28.47
Slippage, 4 orders: −$83.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$167.03
Costs to cover: 1.055%
Break-even: never at this rate

Slippage from BloFin: live order book, 39 min ago; Kraken Futures: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 39 min ago	6.34 bp	13.8 bp −$14	35.7 bp −$357	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 62 min ago	6.28 bp	36.0 bp −$36	doesn't fit	doesn't fit	doesn't fit

EIGEN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit EIGENUSDT	−0.0246%	4h	0.2377	−0.310%	$9.1M	$7.3M	50x	as long as short
Deribit EIGEN_USDC-PERPETUAL	−0.0044%	1h	0.2379	−0.231%	—	$41	10x	as long as short
Kraken Futures PF_EIGENUSDshort	−0.0027%	1h	0.2379	−0.199%	$160K	$113K	20x
dYdX EIGEN-USD	0.0000%	1h	0.2380	−0.168%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.265%	$6	$6	5.5x	as long as short
01 Exchange EIGENUSD	+0.0064%	1h	0.2379	−0.210%	$807	$5K	10x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2381	−0.126%	$535K	$503K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2379	−0.189%	$37K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2383	−0.042%	$4.5M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2379	−0.200%	$44K	$26K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2377	−0.288%	$8.1M	$19.9M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2376	−0.336%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2378	−0.252%	$714K	$576K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2377	−0.294%	$8.0M	$2.4M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2379	−0.210%	$2.4M	$9.9M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2378	−0.252%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2379	−0.210%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2378	−0.248%	$209K	$138K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2378	−0.266%	$182K	$2.6M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2385	+0.042%	$35K	$232K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2379	−0.210%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2378	−0.250%	$88K	$726K	10x	as long as short
BloFin EIGEN-USDTlong	+0.0131%	4h	0.2384	long leg	$350K	$114K	75x
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2380	−0.172%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0448%	1h	0.2383	−0.055%	$39K	$266K	50x	as long as short
Reya EIGENRUSDPERP	+0.0520%	1h	0.2380	−0.176%	$831	—	15x	as long as short